Electricity-heat integrated agent modelling for participation in spot electricity market

Abstract

Abstract Due to the limitation of market rules, many small capacity power plants cannot directly participate in the spot electricity market, reducing the ability of the market to optimize the allocation of power generation resources. Among these power plants, the electric power output of some combined heat and power (CHP) plants is constrained by their heat output, which should be considered in the dispatch. Therefore, the electricity-heat integrated agents are defined and introduced to aggregate small capacity power plants and participate in the spot electricity market. Firstly, the model of electricity-heat integrated agents is formulated based on the aggregation of the internal generators and CHP units. Then, the framework of the spot electricity market with the participation of electricity-heat integrated agents is constructed. Moreover, the market clearing model is further developed by combining the electricity-heat integrated agent model and the security constrained unit commitment model. Simulation results in the case verify the effectiveness of the proposed model and technique.